Section 26129 Of Chapter 2. Definitions From California Education Code >> Division 1. >> Title 1. >> Part 14. >> Chapter 2.
26129
. "Gain and Loss Reserve" means the reserve account
established by the board within the fund with respect to the Cash
Balance Benefit Program to be drawn upon to the extent necessary to
credit interest to employee accounts and employer accounts at the
minimum interest rate during years in which the plan's investment
earnings with respect to the Cash Balance Benefit Program are not
sufficient for that purpose, and where necessary, to provide
additions to the Annuitant Reserve for monthly annuity payments.